IEI301 3

Until 1995, GATT rules applied to all of the following except:

• A. manufactured goods.
• B. services.
• C. textiles.
• D. agricultural products.

In............all barriers to trade of goods and services among members countries are removed and the countries

• A. Free trade area
• B. Customs union
• C. Preferential agreement
• D. None of the others

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

The ultimate controlling unit within the European Union is the:

• A. European Council
• B. European Commission
• C. European Parliament
• D. European Central Bank

According to the 1986 Uruguay Round, the ...... was to be created to implement the GATT agreement.

• A. World Trade Organization
• B. International Monetary Fund
• C. United Nations
• D. World Bank

On January 1, 1993,...........moved toward a single market with 340 million consumers.

• A. the European Union
• B. MERCOSUR
• C. the Andean commnunity
• D. NAFTA

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

An agreement between countries in a geographic region to reduce tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other is referred to as:

• A. regional economic integration.
• B. socioeconomic integration.
• C. political integration.
• D. economic-political integration.

The ............ was established to remove barriers to the free flow of goods, services, and capital between nations.

• A. United Nations
• B. International Monetary Fund
• C. General Agreement on Trade and Tariffs
• D. IDA

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

At the Doha Round of the WTO in late 2001,

• A. the WTO was established.
• B. GATT was extended to include services.
• C. world trade volume increased.
• D. an agenda was established to phase out subsidies to agricultural producers.

Which of the following is seen as a disadvantage of the euro?

• A. Higher foreign exchange and hedging costs.
• B. National authorities losing control over monetary policy.
• C. It becomes difficult to compare prices across Europe
• D. Undermines the development of a pan-European capital market.

QN=20. On January 1, 1993,.........moved toward a single market with 340 million consumers.

• A. The European Union
• B. MERCOSUR
• C. The Andean community
• D. NAFTA

Tags

CCSS.RI.4.5

CCSS.RI.5.5

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5